1
	Journal entry on July 1, 20Y1:
		Dr.	Cr.
July 1, 20Y1	Cash	31,000,000
	Bonds Payable		30,000,000
	Premium on Bonds Payable	1,000,000
2
	Journal entry on December 31, 20Y1:
Dec 31, 20Y1		Dr.	Cr.
	Interest Expense	1,395,000
Premium on Bonds Payable	105,000
	Cash		1,500,000
3
		Journal entry on June 30, 20Y2
		Dr.	Cr.
June 30, 20Y2	Interest Expense	1,390,275
Premium on Bonds Payable	109,725
	Cash		1,500,000
4
	Total Interest Expense 20Y1	1,390,275
5
	Interest payment	1,429,024
Premium Discount amortization	70,976
Balance after 4th payment	1,685,102
6
	Period end	Coupon Payment	Interest Expense	Amortization of Premium /(Discount)	Premium Balance	Bonds Payable	Book Value of Bonds
	July12021				$1,951,190	$30,000,000	$31,951,190
	31-Dec-21		$1,437,804		$1,888,994	$30,000,000	$31,888,994
	30-Jun-22		$1,435,005		$1,823,999	$30,000,000	$31,823,999
	31-Dec-22		$1,432,080		$1,756,079	$30,000,000	$31,756,079
	30-Jun-23		$1,429,024		$1,685,102	$30,000,000	$31,685,102
	31-Dec-23		$1,425,830		$1,610,932	$30,000,000	$31,610,932
	30-Jun-24		$1,422,492		$1,533,424	$30,000,000	$31,533,424
	31-Dec-24		$1,419,004		$1,452,428	$30,000,000	$31,452,428
	30-Jun-25		$1,415,359		$1,367,787	$30,000,000	$31,367,787
	31-Dec-25		$1,411,550		$1,279,228	$30,000,000	$31,279,338
	30-Jun-26		$1,407,570		$1,186,908	$30,000,000	$31,186,908
	31-Dec-26		$1,403,411		$1,090,319	$30,000,000	$31,090,319
	30-Jun-27		$1,399,064		$989,383	$30,000,000	$30,989,383
	31-Dec-27		$1,394,522		$883,905	$30,000,000	$30,883,905
	30-Jun-28		$1,389,776		$773,681	$30,000,000	$30,773,681
	31-Dec-28		$1,384,816		$658,497	$30,000,000	$30,658,129
	30-Jun-29		$1,379,632		$538,129	$30,000,000	30,538,129
	31-Dec-29		$1,374,216		$412,345	$30,000,000	$30,412,345
	30-Jun-30		$1,368,556		$280,900	$30,000,000	$30,280,900
	31-Dec-30		$1,362,641		$143,541	$30,000,000	$30,143,541
	30-Jun-31		$1,356,459		$0	$30,000,000	$30,000,000
	Total	$30,000,000	$28,048,810

What is the book value (net carrying value) of the bonds on June 30, 20Y6? Enter numbers with no dollar sign or commas. Round to the nearest dollar.